Key contents of the report include: Market size and Forecast segmented by, Container type (Dry container, Reefer), by trade route.Market Dynamics,Competitive Landscape and Company Profiles
BANGALORE, INDIA, May 08, 2018 /24-7PressRelease/ —
China, US, Germany, Japan and France were the top five traders for merchandise in 2017, accounting for 39% of world merchandise trade The US and the European Union are major suppliers of agro based products. This is partly due to the predominance of US and European MNCs in this sector. In 2017,EU was the biggest exporter and importer of food,fuel products,manufactured goods,chemicals and automotive products with share of ~40% in all the product categories.China is also the world’s biggest exporter of textlie.
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The various M&A exercises in the worldwide container shipping industry in past 2 years is raising industry consolidation and will engage the liners to deal with their real conveyed limit better, keeping their cargo rates from free-falling. Cargo rates are at last determined by the level of capacity being deployed on each trade route and the cargo volume. The market structure of the worldwide compartment shipping industry has changed essentially.
Digitization is going to change the outlook of container shipping in coming years.More than 90% of the industry experts believe that real-time data access and information sharing was important to increasing the efficiency and performance of the shipping industry. The availability of such data-driven analytics improves tactical decisions, allowing decision makers to choose optimal routes, taking into account weather conditions, fuel consumption, and piracy risk. As analysts integrate this information with bills of lading, shipping strategists gain a clearer understanding of how trade routes are evolving over time. It will allow players to act in ways that mitigate their risks and transform many of their challenges into opportunities—a positive overall for shipping.
MARKET SIZE AND FORECAST
The Asia-Europe trade lane is one of the busiest trade lanes both by volume and value. Exports from China account for more than 2/3rd of the trade, followed by South Korea, Vietnam, japan and Thailand.Offlate, the growth in exports in dry containers has remained more or less constant but reefer trade went up by 5% in 2016 and 3% in 2017. In 2017, Volumes on the China and South Korea to Europe expanded by ~5% in 2017.
The shipping rates have been in turmoil in Asia-Europe trade route for most of 2015-2017 period. In 2017 the average rate for 20 foot TEU on this route was $770 which was even ~10% and 5% lower than the average rate in 2016 and 2015 respectively. Chinese imports of beef, has seen an unprecedented rise in past one decade, reaching more than 0.85 million tonnes in 2017 – compared to less than 10,000 tonnes in 2017. Carriers are also benefiting by sharing resources, including port calls and networks and developing new services. Because of shipping industry consolidation, ocean rates have more than doubled on some lanes. For example, in June 2016, rates were at ~$600 for a 40-foot container vessel traveling between China and northern Europe; in June 2017 the rate for the 40 foot container shot upto ~$1,400.
The shipping industry with few dominant players (top 10 companies account for more than 70% of global cargo transported via sea) is very competitive and subject to unpredictable highs and low. In such a volatile industry, ports and shipping companies are struggling to stay competitive in terms of cost and services without compromising shipping standards. Ports are fighting to attract shipping lines and offer efficient services and better facilities.
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
1. The market size (both volume (Million TEU) and value ($Billion) of container shipping
market in 2017-2022 and every year in between?
2. The impact of upcoming mandates on this market
3. The market size and forecast segmented by container type (Dry cargo and reefer)
4. The market size and forecast segmented by major container shipping trade routes (Asia-Europe, Asia-North America, Asia-South America, Asia-Africa,Asia-Middle- East, Europe America, North America-South America and Intra-Asia)
5. Future growth plans of shipping carriers
6. Latest trends in container shipping market
7. The impact of digitization on freight movement
8. The impact of US-China trade war on container shipping market
9. The future strategy of carriers operating tin this market
10. How will the competitive landscape of this market look like in 2022
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